High Tide to Open Two New Canna Cabana Stores in Alberta and Ontario

Core Insights - High Tide Inc. plans to open 29 new stores across Canada by the end of 2024, achieving its goal of adding 20 to 30 locations this year [4] - The company has successfully opened its 190th and 191st Canna Cabana retail cannabis locations in Canada, with significant expansions in Alberta and Ontario [1][4] - High Tide aims to reach a total of 300 locations nationwide in the coming years, indicating strong growth potential in the cannabis retail market [5] Company Expansion - The new Canna Cabana store in Hinton, Alberta, is strategically located near Jasper National Park, serving as a key retail point for visitors [2] - The Pembroke, Ontario location is positioned along a main road with limited competition, enhancing its market potential [3] - High Tide operates 84 locations in Alberta and has surpassed 75 stores in Ontario, with plans to double its presence in the latter province [4] Financial Performance - The company's growth is supported by strong free cash flow, allowing for expansion without depleting cash reserves [4] - High Tide is recognized as the largest cannabis retailer in Alberta and the second-largest globally by store count [6][11] Retail Innovation - High Tide utilizes Fastendr™, an automated technology that enhances the retail experience through kiosks for browsing, ordering, and pickup [7] - The company operates a suite of e-commerce platforms for consumption accessories, further diversifying its revenue streams [7] Industry Recognition - High Tide has been named one of Canada's Top Growing Companies for four consecutive years and ranked number one in the retail category on the Financial Times list of Americas' Fastest Growing Companies for 2023 [11]